Menu

Reinsurance News

Peak Re receives approval to establish Labuan branch in Malaysia

13th June 2017 - Author: Luke Gallin

Hong Kong domiciled reinsurer Peak Re has been granted approval-in-principle to transact general reinsurance operations through the Labuan insurance market, by the Labuan Financial Services Authority (Labuan FSA), effective 23rd May, 2017.

Peak Re logoThe approval means the reinsurer now has improved access to the Malaysian reinsurance sector, enabling the firm to provide and offer an easier business process to its Malaysian clients.

The firm has announced that Jasmine Miow, Director, South Asia, SEA and MENA Markets, has been appointed Principal Officer of the Labuan branch, based in Hong Kong.

Chief Executive Officer (CEO) of Peak Re, Franz-Josef Hahn, commented; “As one of the world’s fastest growing areas of economic cooperation, ASEAN, and in particular Malaysia, plays an important role in Peak Re’s business strategy. Our in-depth market knowledge allows us to support our clients with our wide range of reinsurance offerings.

“This approval from Labuan FSA will strengthen our presence in Malaysia and demonstrates our commitment to our Malaysian and ASEAN clients.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Overall, mid-year reinsurance renewals to be less negative than June 1st: RBC

Despite a notable acceleration of price reductions in the reinsurance industry at the June 1st renewals, overall, analysts at RBC...

Close